Can I retire at age 53 with 1,810,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$149,468$148,137$146,838$145,570$144,332$141,245
2 years$73,994$72,616$71,280$69,986$68,729$65,634
3 years$48,839$47,455$46,123$44,840$43,605$40,598
4 years$36,265$34,885$33,566$32,305$31,099$28,204
5 years$28,722$27,350$26,048$24,813$23,641$20,866
6 years$23,695$22,333$21,051$19,843$18,706$16,054
7 years$20,105$18,756$17,494$16,314$15,213$12,684
8 years$17,414$16,077$14,836$13,686$12,621$10,214
9 years$15,323$13,998$12,778$11,657$10,629$8,343
10 years$13,650$12,338$11,140$10,049$9,056$6,889
11 years$12,283$10,984$9,808$8,745$7,789$5,737
12 years$11,144$9,859$8,704$7,671$6,749$4,811
13 years$10,182$8,909$7,777$6,772$5,886$4,056
14 years$9,357$8,098$6,987$6,012$5,159$3,435
15 years$8,643$7,398$6,309$5,361$4,543$2,920
16 years$8,019$6,788$5,720$4,800$4,015$2,490
17 years$7,469$6,251$5,205$4,313$3,560$2,129
18 years$6,980$5,776$4,751$3,887$3,165$1,824
19 years$6,544$5,353$4,349$3,512$2,821$1,566
20 years$6,152$4,975$3,992$3,181$2,520$1,346
21 years$5,797$4,634$3,672$2,887$2,255$1,159
22 years$5,475$4,325$3,384$2,625$2,021$999
23 years$5,182$4,045$3,124$2,391$1,815$862
24 years$4,913$3,790$2,890$2,180$1,631$744
25 years$4,666$3,557$2,676$1,991$1,468$643
26 years$4,439$3,343$2,482$1,821$1,322$556
27 years$4,229$3,146$2,305$1,666$1,192$481
28 years$4,034$2,965$2,143$1,527$1,075$416
29 years$3,853$2,797$1,994$1,400$971$361
30 years$3,684$2,641$1,857$1,285$877$312
31 years$3,527$2,497$1,732$1,180$793$271
32 years$3,380$2,363$1,616$1,085$718$234
33 years$3,241$2,237$1,508$997$649$203
34 years$3,112$2,121$1,409$918$588$176
35 years$2,990$2,011$1,318$845$533$153
36 years$2,875$1,909$1,233$778$483$132
37 years$2,766$1,813$1,154$717$437$115
38 years$2,664$1,723$1,080$661$396$100
39 years$2,567$1,639$1,012$609$360$86
40 years$2,475$1,559$949$562$326$75
41 years$2,387$1,484$890$518$296$65
42 years$2,304$1,413$835$478$268$56
43 years$2,226$1,347$783$442$244$49
44 years$2,151$1,284$735$408$221$43
45 years$2,079$1,224$690$377$201$37
46 years$2,011$1,168$648$348$182$32
47 years$1,946$1,114$609$321$166$28
48 years$1,884$1,064$572$297$150$24
49 years$1,824$1,016$538$274$137$21
50 years$1,767$970$506$254$124$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $1,810,000, adding $5,864 every year, while hoping to spend $50,962 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/31/7 Blend
52$1,810,000$1,810,000$1,810,000$1,810,000
53$2,000,669$1,904,739$1,876,684$2,121,619
54$2,150,514$1,943,848$1,885,329$2,242,211
55$2,313,935$1,983,165$1,892,557$2,367,313
56$2,492,263$2,022,647$1,898,264$2,502,549
57$2,686,964$2,062,246$1,902,346$2,648,895
58$2,899,649$2,101,912$1,904,690$2,807,430
59$3,132,095$2,141,587$1,905,178$2,979,340
60$3,386,255$2,181,211$1,903,688$3,165,931
61$3,664,283$2,220,720$1,900,092$3,368,645
62$3,968,547$2,260,043$1,894,252$3,589,066
63$4,301,657$2,299,103$1,886,028$3,828,945
64$4,666,487$2,337,820$1,875,270$4,090,205
65$5,066,200$2,376,104$1,861,823$4,374,970
66$5,504,281$2,413,862$1,845,523$4,685,578
67$5,984,568$2,450,992$1,826,198$5,024,606
68$6,511,289$2,487,385$1,803,671$5,394,893
69$7,089,098$2,522,925$1,777,751$5,799,571
70$7,723,124$2,557,486$1,748,244$6,242,087
71$8,419,015$2,590,935$1,714,943$6,726,242
72$9,182,993$2,623,130$1,677,632$7,256,226
73$10,021,912$2,653,917$1,636,086$7,836,656
74$10,943,322$2,683,134$1,590,070$8,472,621
75$11,955,539$2,710,606$1,539,336$9,169,728
76$13,067,727$2,736,148$1,483,626$9,934,160
77$14,289,978$2,759,563$1,422,671$10,772,728
78$15,633,414$2,780,639$1,356,188$11,692,943
79$17,110,284$2,799,153$1,283,883$12,703,080
80$18,734,087$2,814,865$1,205,446$13,812,261
81$20,519,691$2,827,521$1,120,557$15,030,541
82$22,483,482$2,836,851$1,028,877$16,369,002
83$24,643,509$2,842,569$930,056$17,839,857
84$27,019,659$2,844,367$823,726$19,456,570
85$29,633,847$2,841,923$709,503$21,233,979
86$32,510,214$2,834,892$586,986$23,188,439
87$35,675,362$2,822,909$455,757$25,337,977
88$39,158,603$2,805,585$315,378$27,702,461
89$42,992,231$2,782,510$165,394$30,303,790
90$47,211,833$2,753,246$5,329$33,166,103
91$51,856,616$2,717,332$0$36,316,002
92$56,969,787$2,674,278$0$39,795,171
93$62,598,951$2,623,563$0$43,624,796
94$68,796,565$2,564,638$0$47,840,140
95$75,620,429$2,496,920$0$52,480,505
96$83,134,236$2,419,792$0$57,589,209
97$91,408,167$2,332,601$0$63,213,989
98$100,519,558$2,234,657$0$69,407,460
99$110,553,626$2,125,227$0$76,227,608
100$121,604,272$2,003,540$0$83,738,337